Prior to founding Mphasis in the year 2000, Mr. Jerry Rao has held several senior positions in Citicorp. These include Head of the Development Division of Citicorp and Chairman and CEO of Transaction Technologies Inc., California. Earlier positions included country manager and divisional manager for Consumer Banking in India, the Middle East, Eastern Europe and the United Kingdom. Mr Rao is on the board of several Indian companies including Arvind Mills and the Indian subsidiaries of Cadbury Schweppes and General Motors Acceptance Corporation. He is also a visiting faculty at the Indian Institute of Management, Ahmedabad.